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Exxon Has Just Had Like Four Days Of Going Up.

Exxon just broke it's previous three month high. Now it's five day chart. The 117 Calls have doubled or tripled in the last two days. Now it's chart as of 10:42 a.m. this morning. Today is Wednesday. The markets are closing today at 1:00 pm., then closed tomorrow for Christmas and then open again for a full trading day on Friday. Now this. A look first the Calls which are $.30 cents "out-of-the-money" and expire on Friday. Now the Puts which are already like $.30 "in-the-money". Expectations are that the stock is going to go up and that there is still a full day of trading on Friday. Here is what the markets and what the price of oil are doing. Can you see how traders have a preference for the Call options and are hoping Exxon continues it's natural progression upwards. They are prepared to pay somewhat of a premium to be positioned in this situation. I don't know what the outcome is going to be. Nobody does. As a reader can you see the co...
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One Of The First Of Many Quarterly Earning Reports

Is this one of sethe first of more of the same kind of reports to come?
Sales down 4.1% is not really all that bad a number but is it a precursor of more of the same to come? A ten dollar hit on the stock shows you the anxiety in the air with the possibilties of any sort of a rebound on the day next to nil. Carvanna is reporting more insider selling. It's sitting at lofty prices. They have a reputation for stock price manipulation and to have more news of insider selling coming out at this particular time of uncertainity is not a good thing. Here is how these two stocks opened on the day. First Carmax, it's down $12.00
Now Carvanna. It's down $13.00.
Here is how two other major players in the same space also got hit.
Bad news travels quickly.
Welcome to the world of third quarter earning reports. In some ways these results were inevitable. *** Here is how these stocks mentioned closed the day.
Here is how Carmax ended up closing. Trying to play it for tomorrow would be imposible.
One final note on Carvanna which tends to trade in a strange way. Here are it's one day and five day charts.
Trying to play them would be next to impossible. It put on a brave face. If a second wave of panic selling comes into the markets tomorrow these Puts which only have one days life in them might pay off but once again, the risk level in these Puts is way up there.
(Here is how Carvanna ended up closing on Friday). It was down only a touch.
** I can't really spend the time to recap how all of these options ended up closing the week. I do however want to mention Carmax, the company I first started watching. Look at how it's five day chart ended up looking like.
What do you think? Here is a look Carmax's next series of Call options. Carmax staggers their Call and Put options in one month intervals. Maybe it's report is not all bad afterall.
These options offer one month of trading time! What do you think about them? Option players watching these "American used car market stocks" a real niche players.

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